pstrongThe $543.28m Tampines site bid is a testament to the strong demand for EC sites./strong/p pThe result of the recently closed tender for Tampines Street 62 (Parcel B) shows that developers will continue to gravitate towards executive condominium (EC) Government Land Sales (GLS) tenders, real estate experts said./p pThe Housing Development Board (HDB) awarded the Tampines EC site tender to Sim Lian Land an
The result of the recently closed tender for Tampines Street 62 shows that developers will continue to gravitate towards executive condominium Government Land Sales tenders, real estate experts said.
“ECs are generally seen as a safer bet amongst developers given the more stable demand pool for ECs,” said Wong Siew Ying, head of Research and Content at PropNex Realty. Lee added that the top bid of $721 psf ppr also “speaks of the confidence the developer has for ECs in Tampines.” “It will benefit from the potential pool of more than 2,000 HDB flats which will reach its 5-year MOP in 2024 and 2025,” Lee added.“, in turn, could impact their affordability to the ‘sandwiched class’ for whom such housing is meant for,” said Wong.
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Executive condo site in Tampines Street 62 sets price recordThe previous record land rate was $703 psf ppr for an EC site in Plantation Close in Tengah in September. Read more at straitstimes.com.
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Executive condo site in Tampines Street 62 sets price recordAn executive condominium site in Tampines Street 62 has set a new price record. The tender for the site has been awarded to Sim Lian Land and Sim Lian Development at $543 million, or $721 per sq ft per plot ratio (psf ppr), said the Housing Board on Monday. This...
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HDB awards $543M to executive condo site in Tampines, Sim Lian Group99-year leasehold site estimated to accommodate 700 residential units
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Sim Lian bags tender for Tampines Street 62 site for $543.28mpstrongHDB launched the tender for the land parcel on 14 March./strong/p pThe Housing & Development Board (HDB) has awarded the tender for the land parcel at Tampines Street 62 (Parcel B) to Sim Lian Land and Sim Lian Development./p pSim Lian won the tender with a $543.28m bid./p pThe Tampines Street 62 site has an area of 28,000.2 square metres (sqm) and a maximum gross floor area
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Indigenous minister calls on Lula to kill farm lobby's land billBRASILIA: Brazil's first Indigenous cabinet minister is urging President Luiz Inacio Lula da Silva to veto a bill pushed through Congress by the farm lobby that she and Indigenous leaders warn would undermine ancestral land rights and threaten their way of life. The bill, which passed in the Senate late la
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'Not an easy feat': How does the SAF drop critical supplies from the sky?When soldiers are at sea or hard-to-reach areas on land, how can they get supplies or equipment? The Singapore Armed Forces puts their airdrop and vertical replenishment operations to the test at Exercise Wallaby in Australia.
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